Taking account of sinks credits as agreed in Bonn and Marrakech, this paper illustrates how market power could be exerted in the absence of the US ratification under Annex 1 trading and explores the potential implications of the non-competitive supply behavior for the international market of tradable permits, compliance costs for the remaining Annex 1 countries to meet their revised Kyoto targe...

a r t i c l e i n f o JEL classification: C68 D57 D58 Q41 Q43 Q48 Keywords: Energy efficiency Indirect rebound effects Economy-wide rebound effects Household energy consumption CGE models This paper investigates the economic impact of a 5% improvement in the UK household energy efficiency, focussing specifically on total energy rebound effects. The impact is measured through simulations using m...

The views expressed herein are those of the authors and do not necessarily reflect those of the Massachusetts Institute of Technology. a b s t r a c t a r t i c l e i n f o JEL classifications: Q43 Q48 Q56 Q58 Keywords: Green growth Green economy UNEP OECD " Green growth " is an attractive slogan with a variety of possible meanings. This essay critically examines several potential meanings of t...

a r t i c l e i n f o JEL classification: D58 Q48 Q54 Keywords: Emission trading Climate mitigation policy CGE model Technological assumptions This study quantified the effectiveness of emission trading by considering multiple technological constraints, burden sharing schemes, and climate stabilization targets. We used a global computable general equilibrium model, and evaluated the effectivene...

T he optimal allocation of natural gas resources to various uses such as final and intermediate consumption, injection into oil fields, and exports can help policymakers to use this kind of resources efficiently. Empirical evidence support using hyperbolic discount rates instead of fixed discount rates in the economic literature. The purpose of this study is to maximize the social we...

In this study, the causality links between electricity consumption and economic growth are investigated for Turkey, the United Kingdom, Spain, Belgium and United States covering the period from 1964 to 2014. The results of autoregressive distributed lag (ARDL) approach, bounds testing and error correction model show that there is a positive one-way and statistically significant causality moving...

An 11-month-old female spayed Labrador Retriever was presented for examination because of progressive gait abnormality and multiple joint deformities of approximately 6 months’ duration. Mild intermittent lameness of the left thoracic limb was first noticed after exercise when the dog was approximately 5 months of age. Within a month, the lameness had progressed to affect the contralateral thor...